Financials Hindustan Petroleum Corporation Limited

Equities

HINDPETRO

INE094A01015

Oil & Gas Refining and Marketing

Delayed NSE India S.E. Other stock markets 12:58:20 2025-06-17 am EDT			5-day change	1st Jan Change
398.35 ^INR	+0.76%		-2.50%	-2.57%

Jun. 13	INDIA STOCKS-Indian benchmarks log weekly losses as Mideast tensions, trade woes rattle sentiment	RE
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Projected Income Statement: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,687,664	2,329,968	3,496,829	4,661,924	4,335,249	4,337,281	4,099,184	4,281,469
Change	-	-13.31%	50.08%	33.32%	-7.01%	0.05%	-5.49%	4.45%
EBITDA ¹	51,235	159,254	101,759	-75,222	248,390	166,060	207,336	223,460
Change	-	210.83%	-36.1%	-173.92%	430.21%	-33.15%	24.86%	7.78%
EBIT ¹	18,191	123,728	79,213	-118,522	192,866	105,159	146,540	158,339
Change	-	580.17%	-35.98%	-249.62%	262.73%	-45.48%	39.35%	8.05%
Interest Paid ¹	-10,817	-9,147	-9,727	-21,741	-25,157	-33,109	-33,291	-34,320
Earnings before Tax (EBT) ¹	15,726	142,468	82,037	-119,149	191,531	96,215	131,083	145,596
Change	-	805.94%	-42.42%	-245.24%	260.75%	-49.77%	36.24%	11.07%
Net income ¹	26,373	106,639	63,826	-89,740	146,938	73,649	100,169	110,148
Change	-	304.35%	-40.15%	-240.6%	263.74%	-49.88%	36.01%	9.96%
Announcement Date	6/16/20	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	709,889	608,633	707,496	661,549	461,076	515,111	683,594	748,434	775,855	876,004	962,602	975,727	1,144,547	1,084,173	1,096,032	1,144,447	1,190,437	1,026,184	1,113,063	1,145,569	1,138,044	1,040,764	1,013,767	1,071,154	1,098,257	1,040,757	1,104,757	1,152,966
Change	-	-14.26%	16.24%	-6.49%	-30.3%	11.72%	32.71%	9.49%	3.66%	12.91%	9.89%	1.36%	17.3%	-5.27%	1.09%	4.42%	4.02%	-13.8%	8.47%	2.92%	-0.66%	-8.55%	-2.59%	5.66%	2.53%	-5.24%	6.15%	4.36%
EBITDA ¹	16,439	23,189	18,669	-7,066	43,536	36,039	33,015	46,664	31,930	30,136	18,707	20,986	-124,946	-14,979	16,716	47,986	96,548	82,169	21,636	48,038	21,076	38,125	61,522	42,720	38,000	48,000	72,000	53,000
Change	-	41.06%	-19.49%	-137.85%	716.17%	-17.22%	-8.39%	41.34%	-31.58%	-5.62%	-37.92%	12.18%	-695.37%	88.01%	211.6%	187.05%	101.2%	-14.89%	-73.67%	122.03%	-56.13%	80.89%	61.37%	-30.56%	-11.05%	26.32%	50%	-26.39%
EBIT ¹	8,289	15,068	10,011	-15,180	34,875	27,356	24,205	37,292	22,790	20,663	8,460	22,670	-135,890	-25,788	5,612	37,544	82,911	69,774	8,258	31,924	6,320	23,228	38,966	29,941	39,880	33,727	45,140	37,993
Change	-	81.79%	-33.57%	-251.63%	329.75%	-21.56%	-11.52%	54.07%	-38.89%	-9.33%	-59.06%	167.96%	-699.42%	81.02%	121.76%	568.99%	120.84%	-15.84%	-88.17%	286.61%	-80.2%	267.55%	67.75%	-23.16%	33.19%	-15.43%	33.84%	-15.83%
Charge d'intérêts ¹	-	-2,856	-2,524	-3,374	-	-2,604	-1,274	-2,053	-2,542	-1,545	-2,358	-3,283	-3,327	-5,950	-6,935	-5,371	-5,881	-5,795	-6,141	-7,340	-7,307	-6,545	-8,008	-8,245	-7,000	-7,000	-7,000	-7,000
Earnings before Tax (EBT) ¹	12,390	16,170	11,508	-24,343	37,284	32,920	31,579	40,685	23,968	23,612	11,607	22,850	-135,820	-28,932	1,684	43,918	83,306	67,424	7,680	33,121	4,712	22,848	43,202	28,526	19,000	29,000	53,000	35,000
Change	-	30.5%	-28.83%	-311.52%	253.16%	-11.7%	-4.07%	28.84%	-41.09%	-1.49%	-50.85%	96.87%	-694.41%	78.7%	105.82%	2,507.36%	89.68%	-19.07%	-88.61%	331.23%	-85.77%	384.91%	89.09%	-33.97%	-33.39%	52.63%	82.76%	-33.96%
Net income ¹	8,110	10,523	7,472	268	28,138	24,774	23,546	30,180	17,950	19,235	8,689	17,953	-101,969	-21,721	1,724	32,226	62,039	51,182	5,290	28,428	3,558	15,557	31,733	18,464	14,000	22,000	40,000	27,000
Change	-	29.76%	-28.99%	-96.41%	10,399.37%	-11.95%	-4.96%	28.17%	-40.52%	7.16%	-54.83%	106.62%	-667.99%	78.7%	107.94%	1,768.94%	92.51%	-17.5%	-89.66%	437.36%	-87.48%	337.24%	103.98%	-41.81%	-24.18%	57.14%	81.82%	-32.5%
Announcement Date	8/7/19	11/7/19	2/5/20	6/16/20	8/6/20	11/4/20	2/4/21	5/20/21	8/4/21	11/2/21	1/31/22	5/19/22	8/6/22	11/3/22	2/9/23	5/12/23	8/2/23	11/6/23	1/25/24	5/9/24	7/29/24	-	-	-	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1
Net sales	890,093	-
Change	-	-
EBITDA ¹	79,575	62,065
Change	-	-22%
EBIT	-	-
Change	-	-
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income	-	-
Change	-	-
Announcement Date	11/4/20	11/2/21

¹INR in Million

Estimates

Forecast Balance Sheet: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	383,379	362,343	410,881	622,976	585,845	640,285	596,261	617,254
Change	-	-5.49%	13.4%	51.62%	-5.96%	9.29%	-4.37%	3.52%
Announcement Date	6/16/20	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	138,334	112,353	110,811	89,900	97,167	88,539	132,759	137,499
Change	-	-18.78%	-1.37%	-18.87%	8.08%	-8.88%	-4.54%	3.57%
Free Cash Flow (FCF) ¹	-83,801	64,869	48,086	-123,495	142,033	54,218	63,486	66,231
Change	-	177.41%	-25.87%	-356.82%	215.01%	-61.83%	488.65%	4.32%
Announcement Date	6/16/20	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Hindustan Petroleum Corporation Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	1.91%	6.84%	2.91%	-1.61%	5.73%	3.83%	5.06%	5.22%
EBIT Margin (%)	0.68%	5.31%	2.27%	-2.54%	4.45%	2.42%	3.57%	3.7%
EBT Margin (%)	0.59%	6.11%	2.35%	-2.56%	4.42%	2.22%	3.2%	3.4%
Net margin (%)	0.98%	4.58%	1.83%	-1.92%	3.39%	1.7%	2.44%	2.57%
FCF margin (%)	-3.12%	2.78%	1.38%	-2.65%	3.28%	1.25%	1.55%	1.55%
FCF / Net Income (%)	-317.76%	60.83%	75.34%	137.61%	96.66%	73.62%	63.38%	60.13%
Profitability
ROA	3.34%	8.7%	4.54%	-5.89%	8.94%	4.09%	5.57%	5.77%
ROE	12.74%	32.74%	17.05%	-27.03%	42.75%	16.93%	19.8%	18.97%
Financial Health
Leverage (Debt/EBITDA)	7.48x	2.28x	4.04x	-8.28x	2.36x	3.86x	2.88x	2.76x
Debt / Free cash flow	-4.57x	5.59x	8.54x	-5.04x	4.12x	11.81x	9.39x	9.32x
Capital Intensity
CAPEX / Current Assets (%)	5.15%	4.82%	3.17%	1.93%	2.24%	2.04%	3.24%	3.21%
CAPEX / EBITDA (%)	270%	70.55%	108.9%	-119.51%	39.12%	53.32%	64.03%	61.53%
CAPEX / FCF (%)	-165.07%	173.2%	230.44%	-72.8%	68.41%	163.3%	209.12%	207.61%
Items per share
Cash flow per share ¹	23.86	78.19	74.59	-15.79	112.4	67.09	122.8	103.8
Change	-	227.66%	-4.6%	-121.17%	812.04%	-40.32%	22.73%	-15.55%
Dividend per Share ¹	6.5	15.17	9.333	9.333	21	12.1	16.14	16.81
Change	-	133.33%	-38.46%	0%	125%	-42.39%	33.41%	4.15%
Book Value Per Share ¹	126.7	166.1	181.8	130.2	192.8	216	252.1	281.1
Change	-	31.1%	9.41%	-28.35%	48.05%	12.01%	18.56%	11.49%
EPS ¹	11.54	47.05	29.96	-42.17	69.05	34.61	46.29	51.39
Change	-	307.68%	-36.32%	-240.77%	263.74%	-49.88%	62.1%	11.03%
Nbr of stocks (in thousands)	2,285,734	2,177,861	1,969,740	2,127,823	2,127,823	2,127,823	2,127,823	2,127,823
Announcement Date	6/16/20	5/20/21	5/19/22	5/12/23	5/9/24	5/6/25	-	-